Gandhi Special Tubes Limited (GANDHITUBE) - Net Assets
Based on the latest financial reports, Gandhi Special Tubes Limited (GANDHITUBE) has net assets worth Rs2.87 Billion INR (≈ $31.02 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs3.12 Billion ≈ $33.71 Million USD) and total liabilities (Rs248.47 Million ≈ $2.69 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Gandhi Special Tubes Limited (GANDHITUBE) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs2.87 Billion |
| % of Total Assets | 92.03% |
| Annual Growth Rate | 9.3% |
| 5-Year Change | 54.55% |
| 10-Year Change | 60.69% |
| Growth Volatility | 13.12 |
Gandhi Special Tubes Limited - Net Assets Trend (2006–2025)
This chart illustrates how Gandhi Special Tubes Limited's net assets have evolved over time, based on quarterly financial data. Also explore GANDHITUBE current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Gandhi Special Tubes Limited (2006–2025)
The table below shows the annual net assets of Gandhi Special Tubes Limited from 2006 to 2025. For live valuation and market cap data, see GANDHITUBE market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs2.66 Billion ≈ $28.74 Million |
+19.28% |
| 2024-03-31 | Rs2.23 Billion ≈ $24.09 Million |
+22.34% |
| 2023-03-31 | Rs1.82 Billion ≈ $19.69 Million |
+23.74% |
| 2022-03-31 | Rs1.47 Billion ≈ $15.92 Million |
-14.41% |
| 2021-03-31 | Rs1.72 Billion ≈ $18.60 Million |
+17.31% |
| 2020-03-31 | Rs1.47 Billion ≈ $15.85 Million |
-27.10% |
| 2019-03-31 | Rs2.01 Billion ≈ $21.74 Million |
+13.44% |
| 2018-03-31 | Rs1.77 Billion ≈ $19.17 Million |
-1.09% |
| 2017-03-31 | Rs1.79 Billion ≈ $19.38 Million |
+8.36% |
| 2016-03-31 | Rs1.65 Billion ≈ $17.88 Million |
+3.30% |
| 2015-03-31 | Rs1.60 Billion ≈ $17.31 Million |
+1.57% |
| 2014-03-31 | Rs1.58 Billion ≈ $17.04 Million |
+4.64% |
| 2013-03-31 | Rs1.51 Billion ≈ $16.29 Million |
+8.51% |
| 2012-03-31 | Rs1.39 Billion ≈ $15.01 Million |
+16.41% |
| 2011-03-31 | Rs1.19 Billion ≈ $12.89 Million |
+17.46% |
| 2010-03-31 | Rs1.02 Billion ≈ $10.98 Million |
+19.74% |
| 2009-03-31 | Rs847.80 Million ≈ $9.17 Million |
+15.90% |
| 2008-03-31 | Rs731.51 Million ≈ $7.91 Million |
+24.82% |
| 2007-03-31 | Rs586.06 Million ≈ $6.34 Million |
+19.39% |
| 2006-03-31 | Rs490.87 Million ≈ $5.31 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Gandhi Special Tubes Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 256233200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs2.56 Billion | 96.42% |
| Common Stock | Rs60.76 Million | 2.29% |
| Other Comprehensive Income | Rs34.27 Million | 1.29% |
| Total Equity | Rs2.66 Billion | 100.00% |
Gandhi Special Tubes Limited Competitors by Market Cap
The table below lists competitors of Gandhi Special Tubes Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GRP Limited
NSE:GRPLTD
|
$109.46 Million |
|
Sambo Corrugated Board Co. Ltd
KQ:023600
|
$109.46 Million |
|
Taiwan Fructose Co Ltd
TWO:4207
|
$109.46 Million |
|
LINMON MEDIA LTD -000025
F:8MN
|
$109.52 Million |
|
IokCompany Co. Ltd
KQ:078860
|
$109.44 Million |
|
Iceland Seafood International hf.
IC:ICESEA
|
$109.43 Million |
|
Volati AB
ST:VOLO-PREF
|
$109.42 Million |
|
Schroders PLC
LSE:SDR
|
$109.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gandhi Special Tubes Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,227,780,000 to 2,657,363,000, a change of 429,583,000 (19.3%).
- Net income of 586,741,000 contributed positively to equity growth.
- Dividend payments of 157,976,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs586.74 Million | +22.08% |
| Dividends Paid | Rs157.98 Million | -5.94% |
| Other Changes | Rs818.00K | +0.03% |
| Total Change | Rs- | 19.28% |
Book Value vs Market Value Analysis
This analysis compares Gandhi Special Tubes Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.81x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 24.94x to 3.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs33.39 | Rs832.80 | x |
| 2007-03-31 | Rs39.87 | Rs832.80 | x |
| 2008-03-31 | Rs49.77 | Rs832.80 | x |
| 2009-03-31 | Rs57.68 | Rs832.80 | x |
| 2010-03-31 | Rs69.06 | Rs832.80 | x |
| 2011-03-31 | Rs81.12 | Rs832.80 | x |
| 2012-03-31 | Rs94.43 | Rs832.80 | x |
| 2013-03-31 | Rs102.47 | Rs832.80 | x |
| 2014-03-31 | Rs107.23 | Rs832.80 | x |
| 2015-03-31 | Rs108.91 | Rs832.80 | x |
| 2016-03-31 | Rs112.51 | Rs832.80 | x |
| 2017-03-31 | Rs121.91 | Rs832.80 | x |
| 2018-03-31 | Rs120.66 | Rs832.80 | x |
| 2019-03-31 | Rs145.49 | Rs832.80 | x |
| 2020-03-31 | Rs109.26 | Rs832.80 | x |
| 2021-03-31 | Rs133.10 | Rs832.80 | x |
| 2022-03-31 | Rs117.00 | Rs832.80 | x |
| 2023-03-31 | Rs149.85 | Rs832.80 | x |
| 2024-03-31 | Rs183.33 | Rs832.80 | x |
| 2025-03-31 | Rs218.75 | Rs832.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gandhi Special Tubes Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.08%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.01%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.08x
- Recent ROE (22.08%) is above the historical average (20.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 32.88% | 29.06% | 0.95x | 1.19x | Rs112.32 Million |
| 2007 | 21.96% | 9.91% | 1.92x | 1.15x | Rs70.11 Million |
| 2008 | 25.76% | 11.45% | 1.97x | 1.14x | Rs115.29 Million |
| 2009 | 18.79% | 13.39% | 1.24x | 1.13x | Rs74.50 Million |
| 2010 | 24.96% | 16.11% | 1.40x | 1.10x | Rs151.82 Million |
| 2011 | 22.05% | 13.88% | 1.45x | 1.09x | Rs143.68 Million |
| 2012 | 21.48% | 27.99% | 0.71x | 1.09x | Rs159.37 Million |
| 2013 | 14.65% | 24.24% | 0.55x | 1.09x | Rs70.01 Million |
| 2014 | 10.98% | 21.94% | 0.46x | 1.09x | Rs15.48 Million |
| 2015 | 9.87% | 18.20% | 0.50x | 1.09x | Rs-2.12 Million |
| 2016 | 11.22% | 21.27% | 0.48x | 1.09x | Rs20.13 Million |
| 2017 | 16.60% | 31.84% | 0.48x | 1.09x | Rs118.22 Million |
| 2018 | 18.94% | 30.46% | 0.56x | 1.11x | Rs158.42 Million |
| 2019 | 19.21% | 32.66% | 0.54x | 1.10x | Rs185.26 Million |
| 2020 | 14.58% | 27.52% | 0.48x | 1.10x | Rs67.16 Million |
| 2021 | 21.03% | 31.85% | 0.59x | 1.12x | Rs189.58 Million |
| 2022 | 26.21% | 28.15% | 0.82x | 1.13x | Rs238.49 Million |
| 2023 | 25.99% | 28.27% | 0.83x | 1.11x | Rs291.27 Million |
| 2024 | 24.95% | 32.52% | 0.70x | 1.09x | Rs333.01 Million |
| 2025 | 22.08% | 34.01% | 0.60x | 1.08x | Rs321.00 Million |
Industry Comparison
This section compares Gandhi Special Tubes Limited's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $2,560,613,390
- Average return on equity (ROE) among peers: 12.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gandhi Special Tubes Limited (GANDHITUBE) | Rs2.87 Billion | 32.88% | 0.09x | $109.45 Million |
| Aeroflex Industries Limited (AEROFLEX) | $3.42 Billion | 15.33% | 0.25x | $436.02 Million |
| Alicon Castalloy Limited (ALICON) | $231.86 Million | 32.52% | 4.67x | $123.28 Million |
| BELL AGROMACHINA ORD T (BSE) (BALUFORGE) | $1.98 Billion | 19.69% | 0.88x | $710.75 Million |
| DCM Limited (DCM) | $869.40 Million | -1.79% | 4.76x | $16.57 Million |
| DEE Development Eng Ltd (DEEDEV) | $4.54 Billion | 0.00% | 0.84x | $312.36 Million |
| D P Wires Limited (DPWIRES) | $278.89 Million | 18.01% | 1.92x | $29.98 Million |
| Ganga Forging Limited (GANGAFORGE) | $119.98 Million | -17.63% | 1.75x | $4.23 Million |
| Gravita India Limited (GRAVITA) | $6.02 Billion | 33.42% | 1.00x | $1.28 Billion |
| Happy Forgings Limited (HAPPYFORGE) | $5.58 Billion | 14.31% | 0.37x | $1.38 Billion |
About Gandhi Special Tubes Limited
Gandhi Special Tubes Limited manufactures and markets welded and seamless steel tubes, and nuts in India. The company offers cold drawn bright annealed seamless steel tubes; precision electric resistance welded steel tubes; cold formed coupling nuts; and high pressure fuel injection tubes. It also involved in the wind power generation business. It supplies its products primarily to the original e… Read more